Business EconomyPosted at: Dec 15 2025 10:41PM


AP: Visakhapatnam Port Authority takes over possession of Sports Complex

Visakhapatnam, Dec 15 (UNI) Visakhapatnam Port Authority (VPA) on Monday said it has taken over possession of its Sports Complex and Kalavani A/C Auditorium, located in the Nehru Sports & Cultural Complex at Salagrampuram here, pursuant to termination of the respective lease agreements. The Sports Complex was earlier leased to M/s Vishwanadh Sports & Conventions Pvt. Ltd., while the Kalavani A/C Auditorium was leased to M/s Vishwanadh Avenues (India) Pvt. Ltd.
In view of non-fulfilment of the terms and conditions of the respective lease agreements, termination notices were issued by the port recently, in accordance with the provisions of the lease.
Consequent upon issuance of the termination notices and completion of due process, possession of the facilities was taken over by the port today in the presence of Revenue officials of the State Government.
The takeover was carried out in an orderly manner and the premises have reverted to the custody of VPA.
The Port will take necessary steps for safeguarding the assets and will examine future utilisation of the facilities in accordance with applicable rules and policies, keeping in view the interest of the Port and the public.
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